JD Seller and others. Since 1913 The FEDERAL RESERVE determines Monetary Policy. The government can advise to a point. The Federal Reserve is owned by the banking system and answers to no one. It is PRIVATELY OWNED and not government. The Teasure Secretary is pretty much controlled by the Fed. When you deposit a dollar in the bank it becomes a promissary note. If things get tough the bank does not have to give it back to you The Big Banks CAN NOT fail because 5 or 6 banks own a large portion of our debt, business loans, money in circulation, etc. It really is not a pretty picture. Some key dates are the creation of the Federal Reserve, FDR devaluating gold, and the President Nixon taking us off the gold standard and LBJ Guns and butter policy was the beginning of what we have today. If you read on FED POLICY and Guys like David Stockman and other former government and Fed officials you will be told Dollar will fail. When it hits the wall nobody knows. If anybody has questions, I can remember monetary policy and significant events back to the mid 1950s
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Today's Featured Article - On the Road with Dave Gohl: Tractors and Farming - by Dave Gohl. I never thought I'd live to see the day, when I could call myself a farmer. What allows me to say this? Well, when our family moved to our 20 acre site near New Prague, Minnesota, I had one thought in mind. You guessed it, farm it somehow. A little history is in order. In my younger days, mom, dad and my brother made frequent visits to dad's youngest brother Pete, who took over the home farm from grandpa MIke. It was the typical set-up, milk cows, pigs & chickens. In the winter, we'd play
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